Vodafone and Telenet's parent company consider merger

Vodafone and Telenet's parent company consider merger

Vodafone and Telenet's parent company Liberty Global are talking about a possible merger, but even if a complete merger is not an option, its European activities may be merged either way.

Large combined debt

Vodafone has already admitted it has been talking to Liberty Global, but those talks are still in their infancy and a merger is still quite a way off. If the deal goes through, the new company would be worth 130 billion dollars (116 billion euro), according to press agency Bloomberg.

 

Vodafone still has its doubts about a deal. One of the issues is the combined debt both companies have and it also fears how investors may react. The new company may also have to deal with the British antitrust authority, which may scupper the deal.

 

A merger became a possibility after it became apparent that its competitor BT Group has opened talks with Telefonica SA about a possible O2 acquisition, while it is also in talks with Orange and Deutsche Telekom about EE. 

 

Liberty Global is known in Belgium because of Telenet, but has Virgin Media in the United Kingdom. Vodafone on the other hand bought Kabel Deutschland Holding last year, for 7.7 billion euro, and also acquired Grupo Corporativo Ono. Back then, it was also considering a deal with Liberty Global.

Questions or comments? Please feel free to contact the editors


Facebook launches its Marketplace in Europe

16/08/2017

In October 2016, Facebook launched a marketplace for used items in several countries, including the United Kingdom and the United States. That marketplace is now also coming to Belgium, the Netherlands and fifteen other European countries.

AS Adventure acquires German McTrek

14/08/2017

Belgian outdoor chain AS Adventure has acquired its German competitor McTrek. The acquisition opens up the largest European outdoor market for the Belgians, thanks to McTrek’s 39 stores and web shop.

American department store chains continue to struggle

11/08/2017

Several American department store chains continue to underperform. Both Macy’s and Kohl’s experienced turnover slumps compared to the previous year, even though they both managed to beat analysts’ expectations.

Amazon wants to compete with Ticketmaster

11/08/2017

Amazon is in talks with American event location owners to see whether it could sell tickets for their events on its web shop.

Record turnover for Henkel

10/08/2017

German Henkel has had a record second quarter, when turnover reached nearly 5.1 billion euro. For the first time ever, its six-month turnover surpassed the 10 billion euro milestone, thanks to its acquisition of laundry detergent company Sun.

Lion Capital once again wants to sell Hema

08/08/2017

Lion Capital has approached business bank Credit Suisse to look into “strategic options” for Hema, which basically means it has to find an interested buyer for the Dutch store chain.

Back to top